What were the total liabilities for Cicis in 2023?

According to Cicis's 2025 Franchise Disclosure Document, the total liabilities for 2023 were $5,138,878. This figure represents the sum of all current and non-current liabilities the company had at the end of the 2023 fiscal year. Current liabilities are obligations due within one year, while non-current liabilities are those due beyond one year.

For a prospective franchisee, understanding Cicis's liabilities can provide insight into the company's financial stability and its ability to meet its obligations. A high level of liabilities compared to assets might indicate a higher risk, as it could suggest the company is heavily leveraged. Reviewing the trend in liabilities over time, as presented in the FDD, can also help assess whether the company is managing its debt effectively.

It's important to note that this figure is just one component of a comprehensive financial analysis. A potential franchisee should also consider Cicis's assets, revenues, expenses, and overall financial performance to gain a complete picture of the company's financial health. Consulting with a financial advisor is recommended to properly interpret these financial statements and understand the potential risks and rewards of investing in a Cicis franchise.

This information is typically found in the audited financial statements included in Item 23 of the FDD, offering transparency for potential investors.